Market Snapshot
A study by Fact.MR shows a significant growth in demand for electric shovels in the year 2021. The demand for electric shovels is anticipated to increase once the COVID-19-induced slowdown staves off.
In a recent report, Fact.MR examines the global sales of electric shovels from 2016 to 2020. A forecast for the year 2021-2031 is provided in this report. Growth is likely to be most promising across such key regions as the U.S, Europe and China.
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Key Developments in the Electric Shovel Landscape
In February 2021, Haerwusu Coal Mine introduced an Intelligent Guiding System to assist several dragline strippers in obtaining precision mining at its Open-pit Coal Mine, operated by Shenhua Zhungeer Energy Co., Ltd.
These electric shovels feature a GNSS multi-frequency positioning and directional technology based on three satellites, as well as IoT technology. These shovels work via remote control of an industrial tablet PC and cloud server. Further, it is possible to achieve precision excavator guidance through the software.
This system can issue regular and real-time operation commands through the web and app, and it can manage machine information, crew information, and personnel information in an integrated manner.
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Market Segmentation
The global market is segmented on the basis of product, load capacity and applications.
Based on product, the global market is segmented as:
- Wheeled Electric Shovel
- Tracked Electric Shovel
Based on load capacity, the global market is segmented as:
- Less than 20MT
- 21MT – 50MT
- 51MT – 100MT
- More than 100MT
Based on application, the global electric shovel is segmented as:
- Mining
- Construction
- Others
Electric Shovel Competitive Landscape
Prominent players in the market are as follows:
- Caterpillar
- Komatsu Mining Corp.
- L&H Industrial
- Taiyuan Heavy Industry Co., Ltd.
- SRB Group
- SANY
- IZ-KARTEX
- P&H Mining
- Hitachi Construction Equipment
- Liebherr Group
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